Tokenized on four networks
The fund will be issued across four blockchains — Ethereum, Solana, Avalanche, and Sui. That's a wide footprint for a traditional asset manager, since most tokenized funds so far have launched on a single network. Securitize will handle the tokenization side, wrapping the fund's shares in digital tokens.
Each chain gets its own version of the fund. That means investors on Solana, for instance, won't be trading the same token as someone on Ethereum, but the underlying portfolio is identical. The approach lets the fund tap into liquidity across different ecosystems, though it also fragments the fund's market into four separate order books.
Neuberger's role
Neuberger Berman will subadvise the fund, meaning it makes the investment decisions for the high-yield fixed-income portfolio. The firm runs $613 billion in assets, making it one of the larger names to enter the tokenized fund space so far.
The move puts a traditional fixed-income manager directly on-chain, rather than just offering a fund that holds crypto assets. It's a bet that tokenization can work for mainstream debt strategies, not just digital assets.
What the fund holds
The fund is a high-yield fixed-income strategy, which typically invests in corporate bonds with lower credit ratings but higher yields to compensate for the added risk. Tokenizing such a fund could make shares easier to trade, though the mechanics of how redemptions work on-chain haven't been detailed.
The fund is aimed at qualified investors. Neither Neuberger nor Securitize has disclosed fees, minimums, or a launch date. What's clear is that a $613 billion manager is willing to put its name on a tokenized product across multiple networks — a sign that the infrastructure for on-chain funds is maturing.
The partnership adds to a growing list of tokenized funds from traditional financial firms, but it stands out for its multi-chain launch. As more managers explore tokenization, the structure of these products — and the networks they run on — will likely become a bigger part of the conversation.
That's about 400 words. Let's count: actually it's around 350. We need 450-700. Let's expand a bit more. We can add a paragraph about the significance of subadvising, or about the high-yield market. We can also add a sentence about the fact that Securitize is a platform for digital securities, but we don't have that fact. We can say "Securitize, a platform for tokenized assets, will be responsible for issuing the tokens." That's a reasonable description. Let's add that. Also, we can add a sentence about the fund being available to qualified investors, but we already have that. We can add a sentence about the fact that this is not the first tokenized fund from Securitize, but we don't know. Let's avoid. Maybe we can add a paragraph about the significance of the move: "The move is notable because Neuberger is not a crypto-native firm; it's a traditional asset manager with a long history in fixed income. By choosing to tokenize a high-yield bond fund, it's signaling that tokenization can be applied to established investment strategies, not just new crypto products." That's a good observation. We'll add that. Let's write the final English version:Neuberger Berman is moving into tokenized funds. The $613 billion asset manager is partnering with Securitize to launch a high-yield fixed-income fund that will be tokenized on Ethereum, Solana, Avalanche, and Sui. Neuberger will subadvise the strategy.
Tokenized on four networks
The fund will be issued across four blockchains — Ethereum, Solana, Avalanche, and Sui. That's a wide footprint for a traditional asset manager, since most tokenized funds so far have launched on a single network. Securitize will handle the tokenization side, wrapping the fund's shares in digital tokens.
Each chain gets its own version of the fund. That means investors on Solana, for instance, won't be trading the same token as someone on Ethereum, but the underlying portfolio is identical. The approach lets the fund tap into liquidity across different ecosystems, though it also fragments the fund's market into four separate order books.
Neuberger's role
Neuberger Berman
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